
Abra Joins the Borderless.xyz Network, Deepening Stablecoin OTC Liquidity in the US
NEW YORK, May 2, 2025 /PRNewswire/ — Borderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), has officially welcomed Abra, a premier U.S. digital-asset prime broker, to fortify Borderless.xyz's orchestration network with institutional-grade dollar liquidity. By plugging Abra's high-touch OTC desk and compliant banking rails into Borderless.xyz's single-API platform, financial institutions, payments companies, fintechs, and corporates gain access to deep USD order books, highly competitive spreads, and a white-glove trading experience—dramatically boosting the depth and resilience of Borderless.xyz's U.S. corridors.
'Institutions increasingly need reliable, on-shore liquidity for sizable stablecoin transactions,' said Kevin Lehtiniitty, CEO of Borderless.xyz. 'Abra brings top-tier OTC execution and competitive pricing across major USD pairs. Embedding their infrastructure into the Borderless.xyz Network significantly enhances our U.S. rails—ultimately lowering costs and improving execution quality for everyone involved.'
'At Abra, we strive to make large-scale crypto and stablecoin trades compliant, seamless, and cost-effective,' added Bill Barhydt, Founder & CEO of Abra. 'Joining Borderless.xyz's global stablecoin network underscores our commitment to interoperability and efficiency. Together, we're simplifying complex OTC flows for businesses moving value into and out of the United States.'
This collaboration marks another milestone in Borderless.xyz's mission to unite the world's leading stablecoin innovators under one network. By connecting diverse liquidity venues into a cohesive global system, Borderless.xyz is making cross-border and domestic payments faster, simpler, and more cost-effective for all.
About Borderless.xyz
Borderless.xyz is a leading global payments infrastructure company designed to facilitate transactions using internet-native money, including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, Borderless.xyz's mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to on-chain banking. Borderless.xyz is backed by Amity Ventures, along with executives of leading companies such as Michael Shaulov of Fireblocks, Johnny Ayres of Socure, and Anton Katz of Talos. To learn more, visit https://borderless.xyz.
About Abra
Abra is a U.S.-based digital-asset financial services firm specializing in institutional-grade OTC trading, prime brokerage, and treasury solutions. Trusted by hedge funds, corporates, and family offices, Abra pairs deep USD liquidity with white-glove execution, compliant banking rails, and rigorous security standards. Since 2014, the company has facilitated billions of dollars in large-block crypto and stablecoin transactions, giving clients seamless on- and off-ramps to the global digital-asset economy. Discover more at https://abra.com.
Contact
Sarah CohenSJC PRsarah@sjc-pr.com
Photo – https://mma.prnewswire.com/media/2677825/Borderless.jpgLogo – https://mma.prnewswire.com/media/2667382/5297413/Borderless_xyz_Logo.jpg

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
9 hours ago
- The Star
China's yuan slips as PBOC appears to reinforce currency stability via guidance fix
SHANGHAI: China's yuan slipped against the dollar on Tuesday, as the central bank set a slightly weaker-than-expected midpoint fixing for the second day in a row, a signal that investors interpreted as an official intention to reinforce currency stability. Most emerging market currencies strengthened to reflect the broad dollar weakness, as investors anxiously awaited fresh developments in U.S. President Donald Trump's trade policy and ongoing concerns over the U.S. fiscal outlook. However, the yuan underperformed its peers as the central bank pivoted from preventing excess losses in the Chinese currency over the past six months to slowing yuan rallies, currency traders and analysts said. "We believe policymakers are likely to still adopt a measured approach to appreciation like how they took on a measured approach when USD/RMB was trading higher previously," said Christopher Wong, FX strategist at OCBC Bank. The yuan has strengthened about 1.1% to the dollar so far this month, below gains seen in other Asian currencies, such as the Korean won or Taiwan dollar. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate, around which the yuan is allowed to trade in a 2% band, at 7.1876 per dollar, and 34 pips weaker than a Reuters' estimate of 7.1842. "In the near term, the PBOC may turn more cautious against yuan appreciation bias if the dollar sell-off persists," said Ken Cheung, chief Asian FX strategist at Mizuho Bank. "In this sense, the PBOC may use the yuan fixing to smooth out yuan appreciation bias amid the dollar decline, driving the yuan basket index lower to support export sector." The CFETS yuan basket index, a gauge that measures the yuan's strength against its major trading partners, eased to 95.8 on Tuesday and has lost about 5.6% so far this year. The spot yuan, however, has gained 1.6% versus the dollar. As opposed to a persistently strengthening bias in the official guidance fix since November, the weaker-than-expected fixing discouraged market participants from testing new highs in the yuan, said a trader at a Chinese bank. As of 0349 GMT, the onshore yuan was 0.05% lower at 7.1903 per dollar, while its offshore counterpart was down about 0.09% in Asian trade to 7.1840. Seasonal demand also weighed on the yuan, as many overseas-listed Chinese companies usually have higher foreign exchange needs to make dividend payments to their overseas shareholders between May and August. Separately, the market largely shrugged off April industrial profit data, which picked up pace, giving policymakers cause for optimism that recent stimulus efforts are helping to keep the economy afloat despite trade tensions with the United States. Investors will look to May manufacturing activity data due on Saturday for more clues on the health of the economy. - Reuters


New Straits Times
10 hours ago
- New Straits Times
Anwar: Asean, GCC & China can drive trillions in growth together
KUALA LUMPUR: The combined Gross Domestic Product (GDP) of Asean, the Gulf Cooperation Council (GCC), and China — totalling USD$24.87 trillion (RM105.3 trillion) — presents vast opportunities to synergise markets, deepen innovation, and promote cross-regional investment. Asean Chairman and Prime Minister Datuk Seri Anwar Ibrahim said that by strengthening cooperation, Asean, the GCC, and China could lay the foundation for stable, resilient, and sustainable growth. "Asean, the GCC, and China collectively represent a combined GDP of USD$24.87 trillion and a population of some 2.15 billion. This collective scale offers significant opportunities to synergise our markets, enhance innovation, and foster cross-regional investment. "By deepening collaboration in these areas, we can build the foundation for growth that is stable, resilient, and sustainable," he said in his opening remarks at the inaugural Asean-GCC-China Summit here today. Anwar said that the total trade volume between the three parties reflected immense untapped potential. "In 2023, Asean's GDP reached USD$3.8 trillion, making it the world's fifth-largest economy. That same year, total trade with the GCC stood at USD$130.7 billion, with foreign direct investment (FDI) inflows of USD$390.2 million. "China, meanwhile, remained Asean's largest trading partner, with USD$696.7 billion in trade and USD$17.3 billion in FDI. These figures not only demonstrate robust existing linkages but also reveal considerable untapped potential," he said. Anwar expressed hope that the summit would mark a new chapter in Asean's outward-facing engagement, exemplifying what could be achieved when nations collaborate with mutual respect and shared purpose. While existing mechanisms are already well-established, he said this new format provided a platform to explore deeper collaboration and align collective strengths. "Despite ongoing challenges, I remain confident that Asean, the GCC, and China can draw upon our unique attributes to shape a future that is more connected, more resilient, and more prosperous for generations to come. "Asean has long shown that regionalism — anchored in consensus, mutual respect, and openness — can succeed. We have benefited from enduring partnerships with the GCC and China. Today, we have the opportunity to elevate these ties. "With this spirit of optimism and shared commitment, I look forward to productive and meaningful discussions today," he added. Anwar said that ties between Asean, the GCC, and China were historically rich and enduring, with longstanding connections through commerce, culture, and the exchange of ideas. "We have Makkah and Madinah — centres for millions of pilgrims — and trade hubs such as Oman, which historically served as key links through the region and the GCC. "Similarly, historic centres like Melaka exemplified this tradition, serving as strategic crossroads that linked East and West, demonstrating the power of openness, exchange, and strategic connectivity. "Today, Asean carries that legacy forward on a much broader scale, emerging as a dynamic intersection of global commerce, innovation, and opportunity," he said. He added that the summit's theme — 'Synergising Economic Opportunities Towards Shared Prosperity' — resonated strongly with Malaysia's Asean Chairmanship, which emphasises 'Inclusivity and Sustainability'.


Malaysian Reserve
12 hours ago
- Malaysian Reserve
ALLPACK INDONESIA 2025: Featuring Innovations in Packaging, Plastics, Processing, Printing, Recycling & Pharmaceuticals, Strengthening Indonesia- Italy Synergy in Innovation and Sustainability
MILAN, May 27, 2025 /PRNewswire/ — As global industries prioritize efficiency, sustainability, and innovation, International collaboration is crucial to advancing sustainability. A key example is the growing industrial relationship between Indonesia and Italy. In December 2023, Indonesia's imports from Italy reached USD 1.89 billion, a 27.23% increase from the previous year, highlighting strong demand for Italy's advanced technologies and sustainable solutions. To enhance this momentum, Krista Exhibitions supported by the Embassy of the Republic of Indonesia in Italy, ITPC Milan, and the Italian Chamber of Commerce in Southeast Asia will host an exclusive press conference in Milan on 26 May 2025. This press conference will introduce ALLPACK INDONESIA 2025, its 24th edition in Indonesia, an international exhibition set to take place from 21 to 24 October 2025 at Jakarta International Expo (JIExpo), Kemayoran. ALLPACK INDONESIA 2025 is expected to feature over 1,500 exhibitors and attract more than 80,000 professional visitors from 54 countries, positioning it as one of the largest and most influential trade shows in Southeast Asia. The exhibition will spotlight the latest innovations across six core sectors: packaging, plastics, processing, printing, recycling, and pharmaceuticals, all of which are evolving rapidly to meet global standards of sustainability and efficiency. Italian companies renowned for their state-of-the-art machinery, engineering excellence, and environmentally friendly technologies are invited to participate and fully explore Indonesia's dynamic manufacturing landscape. With its strategic geographical location, skilled workforce, and growing domestic demand, Indonesia offers a highly promising market for international investment and industrial cooperation. ALLPACK INDONESIA 2025 will feature a specialized Hosted Buyers Program that offers travel and lodging assistance for eligible buyers. The event will feature business matching opportunities, technical seminars, and knowledge-sharing forums to promote enhanced market insight and sustainable strategic alliances. Daud D. Salim, CEO of Krista Exhibitions, warmly welcomes the involvement of Italian industry leaders. He noted that ALLPACK INDONESIA is not only a platform to showcase cutting-edge technologies but also a strategic arena for fostering industrial collaboration between Indonesia and Italy. With Indonesia's rapidly expanding market and the growing commitment to sustainable progress, ALLPACK INDONESIA 2025 holds tremendous potential to foster impactful, future-focused cooperation. For more Information: and Follow our official Instagram @allpackindonesia for updates. Photo – View original content: